By Stephen Nellis SAN FRANCISCO Two U.S. lawmakers who head a committee focused on China on Friday urged

“It’s raining,” Conrad Downs, 9, told his dad, not exactly happy to have been dropped off by a

(Reuters) -Memory chipmaker Micron Technology said on Tuesday it expects its first-quarter adjusted gross margin to approach breakeven due to

EU lawmakers are awaiting an announcement which is seen as major step in the drawn-out dispute over tax arrangements between technology giant Apple and Ireland. The advocate general at the European Court of Justice is to issue an opinion on Friday morning about whether Apple will be forced to pay more than 13 billion euro in back taxes to Ireland. While the opinion of the advocate general is non-binding, it is usually followed by the court and therefore could have significant implications for corporation tax bills. Ireland had fought the European Commission over the matter due to concerns over an intrusion on Irish sovereignty and potential impacts to investment in the country. There was no sweetheart deal Finance Minister Michael McGrath In 2016, following an EU investigation which launched in 2014, the commission concluded that Ireland gave undue tax benefits of 13.1 billion euro to Apple, which is illegal under EU state aid rules. The commission said that tax rulings issued by Ireland to Apple in 1991 and 1997 substantially and artificially lowered the tax paid by the iPhone manufacturer in the country since 1991, in a way which did not correspond to economic reality. As a result, competition commissioner Margrethe Vestager said Ireland had granted illegal tax benefits which enabled it to pay substantially less tax than other business over many years. The investigation found that Apple had paid an effective corporate tax rate of 1% on its European profits in 2003, down to 0.005% in 2014 – 50 euro for every one million euro of profit. The process involved recording almost all sales profits of two Irish incorporated companies, which the commission said only existed on paper. The companies, fully owned by Apple, held the rights to use the firm’s intellectual property to manufacture and sell its products outside North and South America. The commission said this situation allowed Apple to avoid taxation on almost all profits generated by sales of its products in the entire EU single market. It said this was due to Apple’s decision to record all sales in Ireland rather than in the countries where the products were sold. The findings were disputed by the Irish State – which said all tax owed had been collected – and Apple, which had come under scrutiny in the US for its tax practices years earlier. At the time, Apple’s chief executive, Tim Cook, branded the EU findings as “political crap”, maddening and untrue. The Irish Government, which was also used to defending a comparatively low 12.5% corporation tax rate, said Europe had overstepped the mark in attempting to dictate tax laws and enforce retrospective taxes decades later. Ireland and Apple fought the commission on the matter and in July 2020, the General Court of the European Union annulled the decision. However, the commission subsequently appealed the decision to the European Court of Justice with Ms Vestager saying the lower court’s ruling contained “errors of law”. The European Court of Justice’s advocate general is to give a legal opinion on the dispute ahead of the court’s final decision. That decision is expected next year and will have significant implications for how member states grant tax breaks to major firms. Apple has argued it has been paying tax on the profits in question in the US, while Ireland has seen it necessary to defend its reputation on taxation issues to protect foreign direct investment. Last weekend, Finance Minister Michael McGrath said the advocate general’s opinion will be “significant” but added it is not the final step in the process. Mr McGrath said: “We are confident in our position in respect of the Apple case. We take encouragement from the findings they have made so far, but it is a significant day.” He added: “There was no sweetheart deal. This was the application of Ireland’s statutory corporation tax code.” In the interim, the 13.1 billion euro has been held in an escrow fund pending the outcome of the case. The money, with interest, is due to be entered into the Irish exchequer if the commission wins the case. However, other member states may make claims that they are owed some of the money. If the commission loses the appeal, the large sum will be returned to Apple.

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Adobe have unveiled a mind-blowing 'quick change' dress at their recent Adobe Max conference, and no one can quite believe how the future of fashion could look. Christine Dierk, a researcher, unveiled the seemingly ordinary dress, before showing how it can transform colour and pattern within a split second, with limitless options. "We’re excited for a future where there’s more ways to express yourself", she told the audience, as she demonstrated the product known as 'Project Primrose'. The company is reportedly hoping to replicate the technology onto other items. Sign up to our free Indy100 weekly newsletter

Wizards of the Coast is banning three cards in Magic: The Gathering's Standard format to take down overpowered decks.

Here's how to unlock the true ending in Lies of P.

Twitter has been a powerful tool for social movements. But since Elon Musk acquired the platform last year, some organizers and digital media experts have been bracing for the impact that his controversial policy changes and mass layoffs may have on social activism.

The gaming website IGN is launching an AI tool that'll hopefully help you troubleshoot and

It’s one of the biggest questions humans have asked themselves since the dawn of time, but we might be closer than ever to understanding how the universe developed the way it did and we all came to be here. Computer simulations are happening all the time in the modern world, but a new study is attempting to simulate the entire universe in an effort to understand conditions in the far reaches of the past. Full-hydro Large-scale structure simulations with All-sky Mapping for the Interpretation of Next Generation Observations (or FLAMINGO for short), are being run out of the UK. The simulations are taking place at the DiRAC facility and they’re being launched with the ultimate aim of tracking how everything evolved to the stage they’re at now within the universe. The sheer scale of it is almost impossible to grasp, but the biggest of the simulations features a staggering 300 billion particles and has the mass of a small galaxy. One of the most significant parts of the research comes in the third and final paper showcasing the research and focuses on a factor known as sigma 8 tension. This tension is based on calculations of the cosmic microwave background, which is the microwave radiation that came just after the Big Bang. Out of their research, the experts involved have learned that normal matter and neutrinos are both required when it comes to predicting things accurately through the simulations. "Although the dark matter dominates gravity, the contribution of ordinary matter can no longer be neglected, since that contribution could be similar to the deviations between the models and the observations,” research leader and astronomer Joop Schaye of Leiden University said. Simulations that include normal matter as well as dark matter are far more complex, given how complicated dark matter’s interactions with the universe are. Despite this, scientists have already begun to analyse the very formations of the universe across dark matter, normal matter and neutrinos. "The effect of galactic winds was calibrated using machine learning, by comparing the predictions of lots of different simulations of relatively small volumes with the observed masses of galaxies and the distribution of gas in clusters of galaxies," said astronomer Roi Kugel of Leiden University. The research for the three papers, published in the Monthly Notices of the Royal Astronomical Society, was undertaken partly thanks to a new code, as astronomer Matthieu Schaller of Leiden University explains. "To make this simulation possible, we developed a new code, SWIFT, which efficiently distributes the computational work over 30 thousand CPUs.” Sign up for our free Indy100 weekly newsletter How to join the indy100's free WhatsApp channel Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings

Quizlet is a study aid in app form. In essence, it's a flashcard app with